In 2024, CzechInvest, an agency focused on attracting foreign investments to the Czech Republic, successfully helped to negotiate 28 investment projects totaling nearly 60 billion CZK. These projects are expected to create over 3,400 new highly skilled jobs, indicating a significant revival in investment activities. Lukáš Vlček, the Minister of Industry and Trade, expressed his delight at the increased interest from foreign companies, attributing it to the country's skilled workforce, developed business infrastructure and central location in Europe.

More than seventy per cent of the investments facilitated by CzechInvest last year were expansions of existing companies. In addition to the manufacturing sector, two projects involved the establishment of technology centers, and two investments were directed towards software development. Companies from the USA and Germany, traditionally significant sources of direct foreign investments, committed to the highest number of projects. Czech companies also played a substantial role, with Ústí region emerging as the most popular investment destination with seven announced projects.

Jan Michal, the CEO of CzechInvest, emphasized the need for further development of industrial parks, simplification of permitting processes, and further investments into the energy grid to maintain the country's attractiveness to foreign investors. He highlighted the importance of investment incentives and the ongoing collaboration with key investors to build trust and readiness, ensuring the continued growth of strategic investments and cooperation with established firms.

Source: mpo.gov.cz     

Author: CzechTrade and CzechInvest Ofiice in New York